PAXG

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BulkPAXG-USD	4,163.9	−0.0148	get 0.0019% / 1h	43m 43s	$879K	$2.1M	20x	Long Bulk
SHORT	BackpackPAXG_USDC_PERP	4,163.7	−0.0460	pay 0.0058% / 1h	43m 43s	$1.5M	$571K	50x	Short Backpack

Price gap−0.005%

Funding gap−0.0312% /8h

Funding costs $9 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$26−0.0312% /8h now · paid −0.261% over the last 7D

Price−$2spread −0.005% now, avg +0.012% → −0.017% if it goes back

Costs−$210.215% of $10k · taker + slippage, in and out

Result−$49−0.49%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.005%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PAXG on 29 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

OK: Fits both order books5.5 / 5.6 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $200
Bulk 20x, Backpack 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$9.36Long Bulk: 24 payments, +$4.44; short Backpack: 24 payments, −$13.81.
Note: Gap at its usual level−0.005% vs +0.012%
The price leg adds little either way.
Watch: Long leg is thinner$879K vs $1.5M OI
Bulk sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBulk No · Backpack Yes
KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0133%/8h × 21 periods−$27.86

Price spread−0.005% → +0.012% (7d avg)−$1.73

Slippage, 4 orderslive order books−$4.49

Fee Bulk bp × 2 orders−$7.00

Fee Backpack bp × 2 orders−$10.00

Net · 7 days · $10k−$51.07

Costs to cover0.215%Break-evennever at this rate

Slippage: Bulk: live order book, 2 min ago; Backpack: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBulk0.005.5 bp−$57.1 bp−$71doesn’t fitdoesn’t fit

SELL · SHORTBackpack0.015.6 bp−$66.6 bp−$66doesn’t fitdoesn’t fit

Closing costs about the same again.

PAXG news

posts that mention PAXG, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	PAXGRUSDPERP no longer reported ($PAXG) seen by our collector
09-24 11:53	Bulk	Other	2/ A digital token backed by physical gold. Each $PAXG token represents one ounce of London Good Delivery gold, held in custody by Paxos Trust Company, N.A. Learn more: @bulktrade on X ↗
09-24 11:53	Bulk	Other	GOLD on BULK Trade $PAXG by @Paxos with up to 20x leverage now on @bulktrade on X ↗
09-17 15:05	Deribit	Product	🚨 Live on Deribit: Coinbase Exchange Liquidity for Spot Markets We’re excited to announce that the following spot markets on Deribit are now routed through Coinbase Exchange liquidity: BTC-USDC · ETH-USDC · XRP-USDC · BNB-USDC · SOL-USDC · PAXG-USDC Read more here: @DeribitOfficial on X ↗